Indonesia Masterbatch Market Size 2023-2028: Cabot Corp., Kasakata Chemicals , Plasticolors Eka Perkasa, Dunia Kimia Jaya, Holco Indo Jaya (HIJ )

According to MarkNtel Advisors study the Indonesia Masterbatch Market is expected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Indonesia Masterbatch market

Key Driver: Surging Demand for the Polystyrene Resins to Upscale the Market Growth

The demand for polystyrene resins is likely to grow considerably in the country over the forecast years and, subsequently, bode well for the masterbatch market expansion. It owes to the rapidly expanding hospitality sector of the country due to the increasing influx of business & leisure travelers, which has accelerated the development of luxurious hotels, multi-cuisine restaurants, etc. Consequently, it is infusing the demand for various consumer goods & electric appliances in the hospitality industry and promoting the Indonesia Masterbatch Market growth.

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Scope of the Report and Indonesia Masterbatch Market Segmentation:

By Product Type

• Black
• White
• Color
• Additive

By Application

• Film Extrusion
• Injection Molding
• Blow Molding
• Roto Molding
• Others (Pipe extrusion, multifilament etc.)

By End Users

• Automotive
• Packaging
• Consumer Goods
• Agriculture
• Construction
• Retail

By Resin

• Polyethylene
• Polystyrene
• Others (Polypropylene, Polycarbonate etc.)

Here, the packaging industry holds a considerable market share, owing mainly to the burgeoning demand for plastics in the sector.

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